27 April 2012 20:32 [Source: ICIS news]
HOUSTON (ICIS)--US chemical production in March was 1.3% higher than in the same month last year but growth had slowed from February, the American Chemistry Council (ACC) said on Friday.
March production remained ahead year–on–year for all regions of the country, according to the ACC’s US Chemical Production Regional Index (US CPRI).
The March index uses a three-month moving average, including January, February and March, in order to smooth month-to-month fluctuations, the ACC said.
Included in the index are the Gulf coast, midwest, Ohio valley, mid-Atlantic, southeast, northeast and west coast regions.
On a month-on-month basis, the March production index rose by 0.6%, compared with a 1.1% gain in February.
“Some of the largest gains were in man-made fibre, adhesives, industrial gases, inorganic chemicals and pesticides,” the ACC said.
Month-on-month gains were seen in the midwest, Ohio valley, southeast and Gulf coast regions.
The production index slipped month on month in the mid-Atlantic, and the West coast, and was flat in the northeast region.
For the first three months of 2012, all regions were ahead of the same three months in 2011, except for the Gulf coast, which was off by 0.8% year to date.
|(% Change Y/Y - 3MMA)||11||12||12||12|
|Total - United States||0.3||0.3||1.1||1.3|
Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy
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